) 3Q2020 Management Discussion and Analysis Costs and Expenses 1) Cost of services in 3Q2020 was Bt586.61mn, 79.8% of total revenue from core business or decreasing 2.2% QoQ due to efficient cost controlling

EBITDA. Ability to hire productive employees as the Company expands can affect operating and store performance. Management is aware of these factors and will be addressing each factor to reduce its affect.

stronger E-commerce business as people shop more online. Rising rent per square feet can affect the Company’s ability to secure best locations and generate higher EBITDA. Ability to hire productive employees

efficient and reducing future collection costs. Since AEON systems develop the New Collection system successfully in phase 1, SIGMAXYZ Inc. will co-ordinate with AEON Systems to improve the previous

2018, apart from normal administrative expense, the company also incurred loss from the fire incident as expense amounted Baht 710 million. On the other hand, insurance claimed revenue was recognized

the fund maintenance rules under Clause 15 of the SEC Notification No. Kor Thor. 19/2561;   (2) Rectify the management and personnel structures to ensure appropriateness and adequacy for efficient

Normal” such as “Social Distancing”, which will benefit to the Company as consumers will be more acceptance to the use of an automatic kiosk, instead of using a service counter with a human interaction

maintain as the leader of online top-up machines market, both in terms of number of kiosks and total usage amount. The Company emphasizes efficient Boonterm kiosk spot. In 1Q18, the Company has installed 5

. Nevertheless, the situation is getting better, so the Company expects income would be back to normal in the second half of this year. 2) Income from rendering of services through online top-up machines (Service

of non-forested land – conservation of non-commercially productive land to maintain the existing habitat in both area and quality. Activities could include the establishment of protected land or